I have found the pullback in Apple (AAPL) utterly fascinating, I mean, how many companies can actually say that as the stock has pulled back roughly 26% from its recent all time highs made in 2015, that it has lost well over $150 billion in market cap?
Nonetheless, AAPL is sitting on a rising trendline on the weekly chart that goes back four years. And this is actually only the third time it has been retested. But notice just how perfect that rising trend-line has been. My initial though is that it will find some support off of that trend-line, but in the scenario that it doesn’t? My gosh, the decline could be massive.
Welcome to Swing Trading the Stock Market Podcast!
I want you to become a better trader, and you know what? You absolutely can!
Commit these three rules to memory and to your trading:
#1: Manage the RISK ALWAYS!
#2: Keep the Losses Small
#3: Do #1 & #2 and the profits will take care of themselves.
That’s right, successful swing-trading is about managing the risk, and with Swing Trading the Stock Market podcast, I encourage you to email me (ryan@shareplanner.com) your questions, and there’s a good chance I’ll make a future podcast out of your stock market related question.
What do you do when the best trade setup that you can find is a stock that you already have a position in? Should you trade a stock that you already have a position in and exponentially increase the size of that position? In this podcast episode Ryan explains the circumstances that allows you to increase your position size in an already profitable trade and how to manage the risk in doing so.
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*Disclaimer: Ryan Mallory is not a financial adviser and this podcast is for entertainment purposes only. Consult your financial adviser before making any decisions.
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